Boeing’s stock price closed at $255, posting a drop of 2.64% amid buzz over a massive deal with Chinese airlines that includes 500+ jets. Boeing continues to maintain its duopoly with Airbus in the aviation sector; in 2025, the manufacturer delivered 600 aircraft and achieved $89.4B in revenue (up 34% YoY).
The Chinese deal that includes 500 737 MAX jets and 100 widebody jets is estimated by third-party experts to be valued at $46 billion (factoring in the bulk discounts offered by Boeing), although Boeing has not released any official data regarding the same. The volatile U.S.-Chinese trade relationship and geopolitical tensions render this massive deal uncertain, and the investors are skeptical.
How the US- Chinese Relationship Affects Boeing
China used to be one of the biggest clients of Boeing, historically contributing up to 25% of its backlog (now it’s down to 2%). U.S. presidents’ tariff wars against China affected many American companies that had significant stakes in the Asian market. One of the worst hit was Boeing, as Beijing’s retaliation against Washington included pausing more than 50 jet deliveries in 2025.
China has reopened its negotiations with Boeing as trade conflicts have simmered down for now. But investors remain skeptical since Trump’s policies remain unpredictable. Investors are closely watching the Trump-Xi summit to be held between March 31 and April 2, as the future of the U.S.-China trade relationship and that of Boeing’s big deal hinges on it.
Boeing’s Q4 2025 Performance
Boeing’s Q4 2025 earnings beat the market estimates with $23.9 billion (57% YoY) in revenue. The Wall Street analysts’ expectations were around $22.4B, which extended the beat margin to 6.7%. The core EPS stood at $9.92 – a massive spike resulting from the sale of the Jeppesen unit in Digital Aviation Solutions.
The company highlighted its rebound from past dips to gain investor confidence. “We made significant progress on our recovery in 2025 and have set the foundation to keep our momentum going in the year ahead,” said Kelly Ortberg, Boeing president and chief executive officer. The acquisition of Spirit Aerosystems was also emphasized in the report as a major strategic milestone.
*dollar in millions except share data
| Metric | Q4 2025 | Q4 2024 | Change | FY 2025 | FY 2024 | Change |
|---|---|---|---|---|---|---|
| Revenues ($ in Millions) | $23,948 | $15,242 | 57% | $89,463 | $66,517 | 34% |
| GAAP Earnings/(loss) from operations | $8,777 | ($3,770) | NM | $4,281 | ($10,707) | NM |
| Operating margins | 36.7% | (24.7)% | NM | 4.8% | (16.1)% | NM |
| Net earnings/(loss) | $8,220 | ($3,861) | NM | $2,238 | ($11,829) | NM |
| Diluted earnings/(loss) per share | $10.23 | ($5.46) | NM | $2.48 | ($18.36) | NM |
| Operating cash flow | $1,331 | ($3,450) | NM | $1,065 | ($12,080) | NM |
| Non-GAAP Core operating earnings/(loss) | $8,519 | ($4,042) | NM | $3,236 | ($11,811) | NM |
| Core operating margins | 35.6% | (26.5)% | NM | 3.6% | (17.8)% | NM |
| Core earnings/(loss) per share | $9.92 | ($5.90) | NM | $1.19 | ($20.38) | NM |
* Source: Official Earnings Report Released by Boeing
Analyst Take on Boeing
Wall Street remains bullish on Boeing contradictory to weakened investor confidence. Garvin Parsons from UBS projects a 26.67% upside with a target price of $285. John Godyn from Citi sees an upside of 28.89% with a target price of $290.
Target prices from analysts go as high as $295 and as low as $245, with the consensus landing around $276, implying an average upside of 22.83%. If the Chinese deal is finalized, these numbers can jump higher, but the skepticism regarding the impact of the U.S. trade relationship will linger.
